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Updated almost 6 years ago on . Most recent reply

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Jane Lee
  • Minneapolis, MN
5
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7
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Obtain a limited broker or real estate license?

Jane Lee
  • Minneapolis, MN
Posted

Has anyone debated obtaining a 'limited brokers license' over a traditional real estate license? I'm trying to determine which makes most sense for self-investment property. To my understanding it provides a more direct relationship with your broker without needing to rely on an agent to see property.

Referencing the mn.gov real estate license guide

Minneapolis, Minnesota

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252
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263
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Dan Bryskin
  • Investor
  • Minneapolis, MN
263
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252
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Dan Bryskin
  • Investor
  • Minneapolis, MN
Replied

@Jay Hinrichs Limited broker license in MN allows you to do anything RE Broker can do, but with limited license one can't represent clients. You can only by / sell for your self or partnerships / companies  you have 50% interest. It also has no educational requirements - one does not need to pass tests or have continuous education. That's what I got. @Jane Lee, If this is a route you will choose call Minneapolis realtor association first, state guide is not entirely correct. Good luck

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